Post Utme Achievers University 2021 Commerce Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2021 Commerce Objective / Multiple Choice

Question 11 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • COMMERCE • objective

A sole trader's business is considered a separate legal entity from its owner. Discuss the implications of this separation on the owner's personal liability.

Answer Options

A. The owner's personal assets are protected from business debts.

Correct Answer B. The owner's personal assets are liable for business debts.

C. The business is liable for the owner's personal debts.

D. The owner's personal debts are not affected by the business.

Correct Answer

Correct Option:

The owner's personal assets are liable for business debts.

About This Question

This is Post Utme Achievers University 2021 Commerce Question 11. It is one of the objective questions from the 2021 Post Utme Achievers University Commerce examination.

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